All Strategy news – Page 204
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NewsHas the growth of LCCs in Asia-Pacific peaked?
There has been a surge in low-cost travel options across Asia-Pacific since the early 2000s – but the sector may now be on the cusp of a slowdown. In the past year, low-cost carriers have stepped up co-operation while seeking to differentiate themselves, but merger and acquisition activity highlights the ...
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NewsAir freight executives see subdued 2020 before rebound
The cargo freight market is likely to remain weak this year, industry leaders believe, as it remains hampered by overcapacity and weak growth in several regions around the world.
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NewsMAVCOM fines AirAsia carriers and Malaysia Airports
The Malaysian Aviation Commission (MAVCOM) has imposed fines on local AirAsia carriers and a Malaysia Airports (MAHB) subsidiary for various infringements. AirAsia and AirAsia X were each fined MYR2 million ($491,000) for charging payment processing fees separately from base fares, which contravenes local laws on consumer protection. This is their ...
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NewsHainan forecasts turnaround back into the black
Citing improvements in its main business operations, as well as an increase in asset disposal income, Hainan Airlines forecasts a return to profitability for 2019. In an earnings forecast the carrier states that its net profit will be between CNY450 million ($65.1 million) and 675 million for the year ...
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NewsIcelandair expects minimal impact from new 737 Max delay
Icelandair says that it has made contingency plans so that the renewed delay of the Boeing 737 Max’s return to service will have minimal impact on its summer 2020 schedule and its financial bottom line.
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NewsSAA cuts back flight schedule to conserve cash
South African Airways has cancelled a number of domestic and international flights over the coming week, to preserve finances, just a day after insisting that operations to all destinations were continuing as normal. The flag-carrier says that, as part of a “responsible strategy to conserve cash”, it is cancelling several ...
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Airline BusinessWhich airline CEOs face the biggest challenges in 2020?
Our annual assessment of some of the airline chief executives from across the world who are facing the biggest challenges – and, in several cases, opportunities – over the next 12 months
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NewsCDB Aviation’s fleet grew 20% in 2019
CDB Aviation acquired 40 aircraft on operating lease in 2019, growing its fleet by 19.7% year-on-year. In a statement summarising last year’s activity, the lessor says it signed lease transactions for 54 aircraft, along with agreements to sell 22 aircraft and acquire 17. Financing transactions inked during the year are ...
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NewsNAC fleet reaches 500 aircraft
Nordic Aviation Capital has increased its fleet to 500 aircraft and posted its best first-half financial performance for the first six months of its current financial year. The Danish regional aircraft lessor, which has just opened a new headquarters building in the Irish city of Limerick, says it almost doubled ...
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Airline BusinessChief executive Peter Ingram on leading Hawaiian Airlines
Two years into his role, Ingram is skilfully guiding the company through an evolution that would test any leader: answering the fierce competition from the US mainland, executing a major joint venture, overseeing a transformational infrastructure project and plotting the carrier’s next geographic and fleet expansion.
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NewsSIA and ANA in joint venture talks: reports
Singapore Airlines (SIA) and All Nippon Airways’ (ANA) are said to be discussing a joint venture partnership, The Straits Times has reported. It says the Star Alliance carriers may seal a deal by the end of this month and the scope of the proposed partnership is for flights between Japan ...
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NewsPutin orders proposals for new far-east Russian airline
Russian president Vladimir Putin has ordered a study into the potential for establishing a new airline for transport in the eastern regions of the country, particularly to remote areas. Putin has instructed prime minister Dmitry Medvedev to submit proposals for setting up an operator which would use Russian-built aircraft types, ...
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NewsAir Greenland opts for A330-800 to modernise fleet
Air Greenland has tentatively agreed to take a single Airbus A330-800 to replace the carrier’s ageing A330-200. The 305-seat aircraft – currently the subject of a memorandum of understanding, according to Airbus – is set to be delivered in 2021. It will mark a powerplant switch for the airline, because ...
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NewsFlybe rejects rivals’ bailout complaints
Flybe has dismissed suggestions by rivals Ryanair, EasyJet and IAG that the UK regional carrier is receiving unfair and illegal state subsidies, following the government’s decision to provide a bailout package.
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NewsIAG removes non-EU ownership limit
IAG has disclosed that the proportion of its shares held by “non-EU persons” has declined to 39.5%, from 47.5% in February 2019, enabling the group to remove maximum limits on non-EU ownership that ensure regulators class it as a European airline.
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NewsSuperjet plan emerges ahead of Adria Airways AOC auction
Collapsed Slovenian flag-carrier Adria Airways’ air operator’s certificate is set to be auctioned on 23 January, and the administrator for the bankrupt company is formally inviting bids. The invitation says the lot being presented for auction effectively amounts to the whole business of Adria, in particular all permits to operate ...
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NewsRomanian government discusses funding to rescue Tarom
Romania’s government has discussed allocating critical financial support to ailing flag-carrier Tarom during a meeting on 16 January. Transport minister Lucian Bode had asked prime minister Ludovic Orban to approve a draft memorandum for granting rescue aid, supplemented with restructuring aid, for 2020. After the meeting the head of the ...
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NewsANA expands Australian network with Virgin codeshare
ANA has inked a commercial partnership agreement with Virgin Australia, a new entrant to the Australia-Japan sector. From 30 January, ANA will place its code on six domestic routes operated by Virgin, from Sydney to Brisbane, Melbourne, Cairns, Canberra, Gold Coast and Adelaide. The partners expect to announce more codeshare ...
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Airline BusinessAirlines face series of challenges in first days of 2020
If airlines were hoping for a quiet start to 2020, several events at the turn of the year have served as a reminder that nothing should be taken for granted.
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NewsRyanair demands industry-wide UK passenger duty exemption
The UK will be in breach of competition and state-aid laws unless it extends the exemption of air passenger duty it has promised Flybe to the wider industry, Ryanair’s Michael O’Leary has argued.